Hi, thanks for the great answer regarding capital loss carry forward.
What about capital loss carry backward?
I have a similar situation except I want to know if I can carry backward the capital loss to a previous year. Is that possible, such as via the TCJA, or the CARES act? If I owe taxes from the previous year (in 2017-2019), would I be able to offset the taxable income in those previous years via a capital loss carry backward, to lessen my tax debt of a previous year?
(Or forget the tax debt, in the case of no tax debt, could other people claim refund..)
